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Coast Copper Corp ( (TSE:COCO) ) just unveiled an announcement.
Coast Copper Corp. has completed the sale of its Borealis property in the Toodoggone District to Hi-View Resources Inc. for $1.48 million. This transaction includes cash, shares, and a retained royalty interest, potentially strengthening Coast Copper’s financial position and allowing it to focus on its core projects and exploration strategy.
Spark’s Take on TSE:COCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:COCO is a Underperform.
Coast Copper Corp’s overall score reflects its challenging financial performance with significant operational losses and no revenue. Despite modest positive momentum in technical indicators and strategic acquisitions improving exploration prospects, financial stability remains a major concern, leading to a low overall stock score.
To see Spark’s full report on TSE:COCO stock, click here.
More about Coast Copper Corp
Coast Copper Corp. is focused on the exploration of mineral properties, primarily the Empire Mine property on northern Vancouver Island, British Columbia. The company has a portfolio of 100% owned projects in British Columbia, including historical open pit and underground mines, and is actively seeking precious and base metal opportunities in western North America.
Average Trading Volume: 130,039
Technical Sentiment Signal: Buy
Current Market Cap: C$6.73M
See more data about COCO stock on TipRanks’ Stock Analysis page.